Family Debt Problem

fatbelly

HermanMunster72 wrote: »

I've managed to get the reports from Experian and Equifax but Noddle couldn't verify either of their identities for some reason. I'm currently going through and trying to get a handle on the problem.

Again, thanks for all the advice.

If you've got Experian and Equifax you've got the ones that matter

If they are (were) homeowners then the other thing you might want to do is a Land Registry search to find out what was secured on it. Costs £3

https://www.gov.uk/search-property-information-land-registry

glentoran99

fatbelly wrote: »

Idem is the new name for Paragon, who (pre-2008) would give out high-interest SECURED loans to homeowners with a poor credit history. Usually sold on the basis of 'wrap up all your debts in one neat package'

It was the sort of thing Carol Vorderman used to promote, with a different company, and in my early days on this site we got together a petition against her with a million signatures IIRC.

Anyway, I suspect Idem got a 28-day possession order with a warrant of eviction to follow. If I'm right, it's legal. They will now sell the house to pay off themselves and any one else with security in the property. Any money left over goes back to the owners. Any debt left over becomes unsecured.

Your sister and husband really have a housing issue now, not a debt problem.

Not sure that's correct, I had debts to Idem but it was sold to them from MBNA

fatbelly

glentoran99 wrote: »

Not sure that's correct, I had debts to Idem but it was sold to them from MBNA

Was it a credit card? Wouldn't have got you evicted.

Idem Servicing is a trading style of Paragon Finance PLC which is authorised and regulated by the Financial Conduct Authority. We are members of the Finance ...

glentoran99

fatbelly wrote: »

Was it a credit card? Wouldn't have got you evicted.

apologies I meant to highlight the fact that they are paragon, seems to be a subsidiary

mine was a loan, seems they are debt collection rather than the ones lending the money